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Precautions and Difficulties of Measuring National Income Method

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Topics

description

  • Precautions
  • Product Method
  • Income Method (Factor Earning Method)
  • The Expenditure Method (Outlay method)
  • Difficulties
  • Transfer payments
  • Difficulties in assessing depreciation allowance
  • Unpaid services
  • Income from illegal activities
  • Production for self-consumption and changing price
  • Capital Gains 
  • Statistical problems
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